CPS Technologies (NASDAQ:CPSH) Rating Lowered to “Strong Sell” at Zacks Research

CPS Technologies (NASDAQ:CPSH) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday,Zacks.com reports.

CPSH has been the topic of several other reports. Wall Street Zen lowered shares of CPS Technologies from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings lowered shares of CPS Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $6.00.

CPS Technologies Trading Up 3.6%

Shares of CPS Technologies stock opened at $3.75 on Wednesday. The firm has a market capitalization of $67.53 million, a PE ratio of 125.00 and a beta of 1.77. The firm’s 50 day moving average is $4.32 and its 200 day moving average is $4.10. CPS Technologies has a 1 year low of $1.65 and a 1 year high of $6.85.

CPS Technologies (NASDAQ:CPSH) last announced its quarterly earnings results on Monday, May 4th. The electronics maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.03). The company had revenue of $7.03 million for the quarter, compared to the consensus estimate of $8.63 million. CPS Technologies had a net margin of 0.10% and a return on equity of 0.16%. As a group, research analysts anticipate that CPS Technologies will post 0.04 earnings per share for the current year.

Institutional Investors Weigh In On CPS Technologies

A number of institutional investors have recently added to or reduced their stakes in CPSH. GSA Capital Partners LLP bought a new stake in CPS Technologies during the 3rd quarter worth approximately $69,000. IFP Advisors Inc lifted its position in shares of CPS Technologies by 33.3% in the 3rd quarter. IFP Advisors Inc now owns 20,000 shares of the electronics maker’s stock worth $71,000 after purchasing an additional 5,000 shares during the period. Jane Street Group LLC lifted its position in shares of CPS Technologies by 122.5% in the 4th quarter. Jane Street Group LLC now owns 26,917 shares of the electronics maker’s stock worth $83,000 after purchasing an additional 14,822 shares during the period. Salvus Wealth Management LLC acquired a new position in shares of CPS Technologies in the 4th quarter worth approximately $85,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of CPS Technologies in the 4th quarter worth approximately $94,000. 11.18% of the stock is owned by institutional investors.

About CPS Technologies

CPS Technologies Corp is a materials technology company specializing in the design and manufacture of advanced engineered composites and metal systems. The company develops bonded metal components, high-performance polymer composites and ceramic-to-metal brazed assemblies that address the demanding requirements of high-temperature, high-stress and high-frequency applications. CPS Technologies’ product portfolio includes thermal management solutions, electromagnetic interference (EMI) shielding materials, structural composites and electronic packaging substrates tailored for critical end markets.

Serving the aerospace, defense, electronics and energy industries, CPS Technologies works closely with original equipment manufacturers and system integrators to deliver custom materials solutions that reduce weight, improve thermal efficiency and enhance mechanical performance.